Jackson Financial (NYSE:JXN) Price Target Raised to $100.00

Jackson Financial (NYSE:JXN) had its price objective hoisted by Keefe, Bruyette & Woods from $90.00 to $100.00 in a report published on Tuesday morning,Benzinga reports. The firm currently has a market perform rating on the stock.

A number of other research analysts have also recently weighed in on the stock. Barclays raised their price objective on shares of Jackson Financial from $106.00 to $108.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Morgan Stanley dropped their price target on Jackson Financial from $92.00 to $86.00 and set an “equal weight” rating for the company in a research report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $93.80.

Jackson Financial Stock Down 1.2%

Jackson Financial stock opened at $85.18 on Tuesday. Jackson Financial has a fifty-two week low of $64.70 and a fifty-two week high of $115.22. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of 7.44 and a beta of 1.50. The stock’s fifty day moving average is $79.61 and its two-hundred day moving average is $88.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 EPS for the quarter, beating analysts’ consensus estimates of $4.93 by $0.17. The business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $1.80 billion. Jackson Financial’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $4.23 earnings per share. Analysts predict that Jackson Financial will post 20.55 EPS for the current fiscal year.

Jackson Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date is Thursday, June 12th. Jackson Financial’s dividend payout ratio is presently 310.68%.

Insider Buying and Selling

In related news, CEO Scott Romine sold 7,000 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $84.43, for a total transaction of $591,010.00. Following the transaction, the chief executive officer now directly owns 85,276 shares in the company, valued at approximately $7,199,852.68. This represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Craig Donald Smith sold 20,607 shares of Jackson Financial stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $69.52, for a total value of $1,432,598.64. Following the completion of the sale, the chief executive officer now owns 116,423 shares of the company’s stock, valued at $8,093,726.96. This trade represents a 15.04% decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Jackson Financial

Institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC acquired a new position in shares of Jackson Financial in the 4th quarter valued at $26,000. Quarry LP purchased a new position in shares of Jackson Financial in the 4th quarter worth $28,000. NBC Securities Inc. acquired a new position in Jackson Financial in the first quarter valued at $37,000. Brooklyn Investment Group boosted its holdings in Jackson Financial by 987.0% in the first quarter. Brooklyn Investment Group now owns 500 shares of the company’s stock valued at $42,000 after acquiring an additional 454 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Jackson Financial during the fourth quarter valued at about $44,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Jackson Financial Company Profile

Jackson Financial Inc, through its subsidiaries, provides suite of annuities to retail investors in the United States. The company operates through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks. The Retail Annuities segment offers various retirement income and savings products, including variable, fixed index, fixed, and payout annuities, as well as registered index-linked annuities and lifetime income solutions.